On July 24, 2012, the staff of the Division of Market Oversight (“DMO”) of the Commodity Futures Trading Commission (the “CFTC”) issued a no-action letter (the “Letter”) providing relief from certain of the aggregation provisions of the final rules issued on November 18, 2011 establishing a position limits regime for certain commodity futures and options contracts and economically equivalent swaps (the “Position Limit Rules”).
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CFTC provides temporary relief from aggregation requirements of position limit rules
- Sidley Austin LLP
- August 2 2012
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